The Traderszone Network

Published in TZ Latest News 13 August, 2014 by The TZ Newswire Staff

Rule change makes more companies vulnerable to U.S. sanctions

Companies even partly owned by individuals sanctioned by the U.S. government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department. Douglas Jacobson, a lawyer in Washington who specializes in trade and sanctions, said the amendment “represents a significant change” that would force firms to re-evaluate which entities could be blocked under U.S. law.

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